442 N Harbor City Boulevard, Melbourne, FL 32935

$1,740,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1034632

Property Type: Commercial Sale Baths: 5 Square Footage: 8,130 Lot Size (sq. ft.): 17,860 Status: Closed

Current Price: $1,740,000 List Date: 1/17/2025 Last Modified: 5/14/2025

Overview

Description

Introducing Relentless Plaza, a fully leased retail center delivering consistent income with a 7% cap rate. This property is home to five thriving businesses, including Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders, making it a stable and diverse investment opportunity. Strategically located in Midtown Melbourne, this property enjoys excellent visibility and high foot traffic, situated next to the popular Apocalypse Coffee. Its central location makes it a prime spot for local businesses to thrive and draw in customers from the surrounding area. The plaza has been meticulously maintained, featuring a new roof, ensuring low maintenance costs and long-term durability. This well-positioned retail center is ideal for investors seeking a reliable and high-performing asset in the heart of a dynamic community.

Listing Details MLS# 1034632

General Property Information

Number Of Units Total: 6
Bathrooms Total: 5
Building Area Total: 8130
Year Built: 1958
Lot Size Acres: 0.41
Water Body Access YN: No
List Price/SqFt: 214.02
Sold Price/SqFt: 214.02

Property Features

Construction Materials: Concrete; Stucco Lot Features: Other Parking Features: Parking Lot Sale Includes: Building & Land Sewer: Public Sewer Water Source: Public

Contract Information

Original List Price: 1740000
Listing Contract Date: 2025-01-17
Property Sub Type: Retail

Location Tax and Legal

Street Number: 442
Street Direction Prefix: N
Street Name: Harbor City
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central

Remarks and Miscellaneous

Public Remarks: Introducing Relentless Plaza, a fully leased retail center delivering consistent income with a 7% cap rate. This property is home to five thriving businesses, including Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders, making it a stable and diverse investment opportunity. Strategically located in Midtown Melbourne, this property enjoys excellent visibility and high foot traffic, situated next to the popular Apocalypse Coffee. Its central location makes it a prime spot for local businesses to thrive and draw in customers from the surrounding area. The plaza has been meticulously maintained, featuring a new roof, ensuring low maintenance costs and long-term durability. This well-positioned retail center is ideal for investors seeking a reliable and high-performing asset in the heart of a dynamic community.

Status Change Information

Major Change Timestamp: 2025-05-14T15:43:49Z
Major Change Type: Status Change
Status Change Timestamp: 2025-05-14
Purchase Contract Date: 2025-04-15
Close Date: 2025-05-09
Close Price: 1740000

More Information

Unit 1 Details

Unit ID: 442
Annual Rent: 25560
Unit SqFt: 1355
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Melbourne Dance Wear

Unit 2 Details

Unit ID: 444
Annual Rent: 32484
Unit SqFt: 1355
# Units (This Type): 2
Furnished: Unfurnished
Unit Remarks: Frida's

Unit 3 Details

Unit ID: 446
Annual Rent: 32484
Unit SqFt: 1355
# Units (This Type): 3
Furnished: Unfurnished
Unit Remarks: Frida's

Unit 4 Details

Unit ID: 448
Annual Rent: 21216
Unit SqFt: 1355
# Units (This Type): 4
Furnished: Unfurnished
Unit Remarks: Wayfast Signs

Unit 5 Details

Unit ID: 452
Annual Rent: 28716
Unit SqFt: 1355
# Units (This Type): 5
Furnished: Unfurnished
Unit Remarks: Compass Brevard Team

Unit 6 Details

Unit ID: 324
Annual Rent: 14400
Unit SqFt: 1355
# Units (This Type): 6
Furnished: Unfurnished
Unit Remarks: Northboro Builders

Listing Office: Relentless Real Estate Co.

Last Updated: May - 14 - 2025

Information is deemed to be reliable, but is not guaranteed.